More to come for this market sell-off -investor

The meeting of the Federal Reserve, the D.C. fight over expanding the U.S. borrowing ceiling, and the upcoming earnings season could all be flashpoints that help drive Wall Street into a full-fledged correction.

Kapyrin took note that bitcoin was suffering an even bigger drop than the stock market, which he says means the cryptocurrency has failed to live up to bets that it would be a safe place to hide during turmoil.

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